Atwood Oceanics Among 5 Interesting Plays

"Why do Americans choose from just two people to run for president and 50 for Miss America?"

Author Unknown

The markets are still rather overbought in the short to intermediate time frames. Long term investors would do well to wait for a strong pullback before committing a large amount of funds to this market. A pullback in the 7-12% ranges would qualify as a strong pullback. If you feel that you have to play the markets consider selling naked puts on stocks that you are bullish on. If the stock trades below the strike price you will be assigned the shares at a price of your choice. If it does not trade below the strike, you get to keep the premium.

This list of stocks is meant to serve as a starting point. Please do not treat this as a buying list. It is imperative that you do your due diligence and then determine if any of the above plays meet with your risk tolerance levels. The Latin maxim caveat emptor applies-let the buyer beware.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Additional disclosure: EPS, Price, EPS surprise charts obtained from zacks.com. A major portion of the historical data used in this article was obtained from zacks.com. Free cash flow yield, income from cont operations, and revenue growth sourced from Ycharts.com. Consensus estimate analysis table sourced from Reuters.com.